As the year nears its end, Namibians are getting ready for all kinds of festivities. Craft fairs and festive markets pop up, showcasing the talent of local artisans, and providing unique handmade crafts and mouth-watering delicacies. Events like the village market in Windhoek and the Swakopmund night market offer the best of local art and...
Home 07 December 2023 December 7, 2023 – The Bank of Namibia says the country’s international reserves decreased to N$49 Billion as of 30 November 2023. BoN Governor Johannes !Gawaxab stated that the reserves mark a decline from the N$51.4 billion recorded at the end of October 2023. – The Brief – The National Council of...
Home 05 December 2023 December 6, 2023 – Windhoek Country Club Resort has notched up a N$69.2 million revenue surge year-on-year for the fiscal year 2023, culminating in a remarkable profit of N$15.3 million, the highest recorded since 2014, online magazine. – The Brief – South African border officials say they have intercepted a group...
A notable decrease in petrol and diesel prices will take effect from 6 December, the Ministry of Mines and Energy on Tuesday announced. Petrol prices will undergo a reduction of 130 cents per litre, while both variants of diesel, namely diesel 50ppm and diesel 10ppm, will experience the same price drop. Following this adjustment, in...
Home 04 December 2023 December 4, 2023 – The City of Windhoek is set to write off N$524 million in interest accrued by residents’ debt providing much needed relief for individuals struggling to keep up with their obligations. This includes a 100% write-off on both the capital and interest on debt for pensioners, other residents...
It’s the first day of the last month of the year and the gods have seen fit to make it payday weekend and a Friday. For the more spiritual among us (spiritual as in prone to drinking spirits, not prone to being the Lord’s strongest soldier), this happy coincidence may seem like a sign –...
By Josef Kefas Sheehama. As the holiday season approaches, individuals find themselves juggling various demands, both professional and personal. Before you realize it, December is halfway through, and the Christmas shutdown looms ahead. To truly disconnect from your business during your well-deserved break, effective planning is essential. While you may be on holiday, your business...
By Josef Kefas Sheehama As the holiday season approaches, individuals find themselves juggling various demands, both professional and personal. Before you realize it, December is halfway through, and the Christmas shutdown looms ahead. To truly disconnect from your business during your well-deserved break, effective planning is essential. While you may be on holiday, your business...
Maria David PREPARATIONS are underway for the 3rd edition of the Oshuungu Annual Soccer Tournament, aimed at bringing together sports enthusiasts. The tournament is scheduled for December 26 to 28, 2023, with a sponsorship of N$20,000 allocated for hosting the event. Tournament coordinator Shindambi Hamukwaya, representing the WaBantu Foundation, said that the objective of the...
The economic outlook for December 2023 remains uncertain, Simonis Storm said this week. “Our expectation is for interest rates to persist at elevated levels, with any potential rate cuts not materialising until the second half of 2024,” the firm said. This week, the Bank of Namibia kept its repo rate unchanged at 7.75 percent and...